Navistar (NAV) Taps GM's (GM) Walt Borst as CFO
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Navistar International Corporation (NYSE: NAV) announced that Walter G. Borst will join the company as executive vice president and chief financial officer (CFO). He succeeds Andrew J. (A. J.) Cederoth, whose departure was announced earlier this week.
Borst, 51, comes to Navistar from General Motors Company (NYSE: GM), where he most recently was the chairman, chief executive officer and president of GM Asset Management, responsible for managing approximately $85 billion in assets, predominantly for the GM benefits plans. Prior to that, he spent seven years as GM's treasurer and more than two years as chief financial officer of Adam Opel AG.
Borst, 51, comes to Navistar from General Motors Company (NYSE: GM), where he most recently was the chairman, chief executive officer and president of GM Asset Management, responsible for managing approximately $85 billion in assets, predominantly for the GM benefits plans. Prior to that, he spent seven years as GM's treasurer and more than two years as chief financial officer of Adam Opel AG.
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